Principal Securities Inc. grew its holdings in shares of Hyatt Hotels Co. (NYSE:H – Free Report) by 10.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,579 shares of the company’s stock after acquiring an additional 147 shares during the period. Principal Securities Inc.’s holdings in Hyatt Hotels were worth $248,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Geode Capital Management LLC raised its stake in shares of Hyatt Hotels by 1.0% during the third quarter. Geode Capital Management LLC now owns 752,105 shares of the company’s stock valued at $114,214,000 after acquiring an additional 7,440 shares during the last quarter. TT International Asset Management LTD bought a new position in shares of Hyatt Hotels during the fourth quarter valued at $5,283,000. Assetmark Inc. increased its position in shares of Hyatt Hotels by 162.2% during the third quarter. Assetmark Inc. now owns 49,041 shares of the company’s stock worth $7,464,000 after buying an additional 30,339 shares during the period. Bamco Inc. NY increased its position in shares of Hyatt Hotels by 1.3% during the third quarter. Bamco Inc. NY now owns 5,483,404 shares of the company’s stock worth $834,574,000 after buying an additional 68,608 shares during the period. Finally, Icon Wealth Advisors LLC increased its position in shares of Hyatt Hotels by 17,641.6% during the third quarter. Icon Wealth Advisors LLC now owns 131,465 shares of the company’s stock worth $20,009,000 after buying an additional 130,724 shares during the period. Institutional investors own 73.54% of the company’s stock.
Hyatt Hotels Stock Down 3.8 %
Hyatt Hotels stock opened at $140.20 on Monday. Hyatt Hotels Co. has a 1-year low of $128.91 and a 1-year high of $168.20. The firm has a market capitalization of $13.48 billion, a price-to-earnings ratio of 11.27 and a beta of 1.48. The firm’s fifty day moving average price is $155.26 and its two-hundred day moving average price is $152.78. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.87.
Hyatt Hotels Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Friday, February 28th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date is Friday, February 28th. Hyatt Hotels’s payout ratio is currently 4.82%.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on H shares. Jefferies Financial Group increased their price objective on shares of Hyatt Hotels from $150.00 to $176.00 and gave the stock a “hold” rating in a research report on Thursday, January 2nd. StockNews.com cut shares of Hyatt Hotels from a “hold” rating to a “sell” rating in a research report on Monday, February 17th. Robert W. Baird decreased their price objective on shares of Hyatt Hotels from $158.00 to $156.00 and set a “neutral” rating for the company in a research report on Wednesday, February 19th. Hsbc Global Res upgraded shares of Hyatt Hotels to a “hold” rating in a research report on Friday, November 1st. Finally, The Goldman Sachs Group raised their price target on shares of Hyatt Hotels from $151.00 to $167.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Hyatt Hotels currently has an average rating of “Hold” and an average price target of $162.29.
Hyatt Hotels Company Profile
Hyatt Hotels Corporation operates as a hospitality company in the United States and internationally. It operates through Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, EAME Management and Franchising, and Apple Leisure Group segments. The company manages, franchises, licenses, owns, and leases portfolio of properties, consisting of full-service hotels and resorts, select service hotels, and other properties, including timeshare, fractional, residential, vacation, and condominium units.
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